Asia’s emerging economies are at different stages in combating the Covid-19 pandemic. For some, like Thailand, the light at the end of the tunnel is getting brighter as restrictions are being eased and economic activity is starting to ramp up again. Others are still grappling with outbreaks and lockdowns. Whatever stage they are at, though, […]
Read MorePETALING JAYA: Borrowers will need to start repaying their loans from October onwards as the banks will not extend the automatic loan moratorium, banking sources said. However, an industry source said while the blanket moratorium would end, banks are open to assist borrowers to restructure and reschedule their loans in a more targeted manner. […]
Read MoreThailand does not need financial assistance from the IMF during the pandemic because of the country’s strong economic fundamentals and the financial sector, says the Bank of Thailand. “There are some concerns that Thailand could ask for financial assistance from the IMF to overcome this crisis, similar to the Asian financial crisis in 1997. But […]
Read MoreThe Ministry of Labour and Vocational Training (MLVT) is conducting a survey on garment and other workers’ living conditions and the impact of COVID-19 until July 31. According to an announcement, MLVT has informed all owners or directors of enterprises/establishments and workers in the textile, garment and footwear sector and relevant authorities that the General […]
Read MoreMANILA, Philippines — Manila-based Asian Development Bank (ADB) has committed to continue providing support for crucial infrastructure and financial sector development among its member countries through its private sector operations. The multilateral bank announced yesterday that its private sector operations reached $3 billion in 2019, lifting the overall portfolio by 11 percent to $13.6 billion. […]
Read MoreKUALA LUMPUR, July 21 — The loan repayment moratorium will end as scheduled in September and will not be extended, according to industry sources. They told The Star that banks would instead help borrowers restructure their existing debt and adjust their repayment schedules once the initiative has ended. “It is estimated that there will be three million […]
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Thailand
